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Trump gives China one day to end retaliations or face extra 50% tariffs (arstechnica.com)

submitted 2 months ago by Deceptichum@quokk.au to c/world@quokk.au

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Tech companies' worst nightmare ahead of Donald Trump's election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

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[–] brucethemoose@lemmy.world 30 points 2 months ago* (last edited 2 months ago) (1 children)

Simply put, he truly believes that other countries are "taking advantage" of the US: https://www.youtube.com/watch?v=n7st2oG5AwU

It stems from a zero-sum world view, where every trade is someone gaining or losing something, reminiscint of old European mercantilism: https://en.wikipedia.org/wiki/Mercantilism

...Which Europe figured out didn't work by like 1800, something they teach in US history classes.

[–] protist@mander.xyz 16 points 2 months ago* (last edited 2 months ago)

At a more basic level, this is likely another manifestation of Trump's narcissistic personality disorder. He genuinely cannot conceive of sacrifice, service, or giving of himself, he's only interested in what he can take from you, whether that's money, reputation, or adoration. Now it's playing out on the global stage